Which of the Following Statements About Auditing Is NOT True

Multiple Choice

Which of the following statements about auditing is NOT true?

A) Auditing arose because users demanded some assurance that managers' reports on their performance were reliable.
B) Auditors verify that the accounts have been prepared accurately.
C) The auditing function is usually restricted to members of recognised professional accounting bodies.
D) When professional accountants prepare financial statements,they are acting as auditors.